Elsewedy Electric said its joint venture with Sinohydro, a leading global contractor, has won a major contract from Al Mourjan Two for Electricity Company, to provide EPC services for the Rabigh 2 Independent Power Plant (IPP) Expansion Project, a gas-fired combined-cycle development with a total value of $2.2 billion.
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International Monetary Fund (IMF) has warned that AI was hitting the global labour market like a 'slow-moving tsunami,' with young graduates first in line to be knocked down while the World Bank called for governments to make 'crisis-era' support measures a permanent tool for getting young people into work.
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Saudi authorities have extended the suspension of operations at King Khalid International Airport in Riyadh until Saturday, October 17, as Houthi attacks disrupted air travel and prompted airlines across Europe, Asia and the Middle East to suspend or postpone services to the Saudi capital.
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Saudi Arabia is accelerating its housing, transport and urban development programmes, with more than 63,000 Saudi families becoming first-time homeowners in the first half of 2026 and Riyadh advancing a wide range of infrastructure projects aimed at improving mobility, expanding residential options and supporting the capital’s long-term growth.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Russia has announced that it had lifted some restrictions on diesel exports, following an agreement between Russian President Vladimir Putin and US President Donald Trump to allow Russian diesel supplies to reach US and international markets.
Bahrain has invited bids from leading developers for setting up a multi-storey factory complex in Salman Industrial City catering to SMEs, said a report. The winning bidder will sign a lease deal with the ministry for its industrial units and will also be responsible for site development as well as construction of the complex.
Saudi Readymix has signed an agreement with ClimateCrete (a King Abdullah University of Science and Technology [KAUST] spinout) - supported by the Oil Sustainability Program (OSP) - to test and use re-engineered construction and drilling waste sand in sustainable concrete mixes across Saudi Arabia.
An Omani co-pilot on a flydubai flight FZ1073 scheduled to travel from Dubai to Tel Aviv on September 30 had planned to seize control of the aircraft and crash it into a terminal at Israel's Ben Gurion Airport in a suicide attack before he was thwarted by the captain, said media reports citing the UAE attorney-general.
Three ballistic missiles launched by the terrorist Houthi militia, two toward Riyadh and one toward Khamis Mushait, were intercepted and destroyed by the forces of the Coalition to Restore Legitimacy in Yemen, said the coalition spokesman Major General Turki Al-Malki.
Oil prices fell on Friday after US President Donald Trump said Washington would not attack Iran before the November 3 midterm elections, citing what he described as productive discussions with Tehran and easing concerns over further disruption to Middle East energy supplies.
Saudi Arabia and the UAE signed a memorandum of understanding (MoU) in Riyadh on Thursday to strengthen strategic cooperation to advance railway connectivity between the two countries.
Saudi food and beverage company Almarai has announced plans to invest more than $4 billion through 2031 as part of a new growth strategy focused on expanding capacity, entering new categories and increasing its presence in priority markets.
The global race to build infrastructure for artificial intelligence is giving world trade strong momentum at a time of higher tariffs and geopolitical conflicts, says a new report on global trade.
The Future Investment Initiative (FII) Institute has announced that Riyadh Municipality has signed up as a city partner for the upcoming Future Investment Initiative (FII10) conference, thus supporting the kingdom's organisational efforts and providing an integrated urban experience for visitors.
Saudi Arabia has signed strategic agreements with Kuwait, Qatar and Egypt, establishing frameworks for co-operation across a range of energy sectors. The deal covers electricity, renewable energy, oil, gas and petrochemicals sector, said a report.
Oman Air will launch its Winter 2026/27 schedule on October 25, increasing flight frequencies and capacity across key markets in the Gulf, Europe, Russia and Asia, while expanding its codeshare network to offer passengers greater connectivity.
Saudi Arabia has signed strategic agreements with Kuwait, Qatar and Egypt, establishing frameworks for co-operation across a range of energy sectors. The deal covers electricity, renewable energy, oil, gas and petrochemicals sector, said a report.
The question is no longer how to build bigger data centres. It is how to deploy infrastructure fast enough to keep up with AI, says Roger (Zhaoyang) Wang, General Manager of Global Data Centers, Alibaba Cloud Intelligence.
Moma International, a leading architecture and interior design studio, has announced that it has achieved a major construction milestone on its five-star beachfront property, J1 Hotel, in Dubai with the completion of 65,000 cu m of concrete pour by the project team clocking five million safe man hours.
Burjeel Holdings has established a dedicated affordable healthcare vertical, bringing together its LLH, Lifecare, and Medeor brands under a unified leadership structure.
International Monetary Fund (IMF) has warned that AI was hitting the global labour market like a 'slow-moving tsunami,' with young graduates first in line to be knocked down while the World Bank called for governments to make 'crisis-era' support measures a permanent tool for getting young people into work.
Knowledge Economic City (KEC), a leading master developer, has partnered with global hospitality agency TGP International to develop a new Food Hall at Multaqa AlMadinah Mall.
Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, has announced the approval of Abu Dhabi Islamic Securities (ADIB) Company as an external broker, reinforcing its ongoing efforts to enhance market accessibility and strengthen cross-border investment flows.
Dell Technologies and Tahaluf Al Emarat Technical Solutions have signed a memorandum of understanding (MoU) to work together on AI-powered solutions. These solutions aim to help the UAE’s public sector enhance its urban services, improve public safety and respond more efficiently to the needs of the residents and visitors. The collaboration reflects the UAE’s ambition to harness AI and emerging technologies to enhance government services and build smarter, more connected cities.
Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.
AI-powered ‘Bedaya’ platform has been launched by Sharjah Media City (Shams) enabling entrepreneurs and investors to set up their businesses via a smooth, fast and integrated digital service.
Dubai Design Week will return to Dubai Design District (d3) from November 3 to 8, 2026, marking the 12th edition of the region’s leading design festival.
